Kayo climbs off canvas to hit new high

Original article by Max Mason
The Australian Financial Review – Page: 10 : 23-Sep-20

Foxtel CEO Patrick Delany says the pay-TV group now boasts nearly two million sports subscribers across its broadcast and streaming platforms. The Kayo Sports streaming service now has more than 600,000 subscribers, compared with 542,000 in early August. Kayo’s subscriber base fell to around 331,000 in May after the coronavirus pandemic forced major sports such as the Australian Football League and National Rugby League to temporarily put their 2020 seasons on hold.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE

Foxtel to Binge on seismic change

Original article by Leo Shanahan
The Australian – Page: 19 : 18-May-20

Foxtel has yet to confirm speculation that its new entertainment-focused streaming service will be called Binge. Internally codenamed Project Ares, the new subscription video-on-demand service will debut on 25 May, featuring movies and full seasons of TV shows. It is expected to cost between $10 and $14 a month, while people who already use the Kayo Sports streaming service will be offered discounts and free trials. The new product is part of Foxtel’s shift in focus from traditional pay-TV to streaming services.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS

Foxtel steals Stan’s thunder with HBO deal

Original article by Leo Shanahan
The Australian – Page: 13 & 17 : 7-May-20

Pay-TV group Foxtel has secured a new deal with WarnerMedia to retain the Australian rights for content from television networks such as HBO. Foxtel’s existing content deal was scheduled to expire in 2022, and streaming video provider Stan had also been in talks with WarnerMedia. Stan currently has the rights to some WarnerMedia content, but it will lose this later in 2020 due to the Foxtel deal.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, WARNERMEDIA, HBO, STAN ENTERTAINMENT PTY LTD

News Corp warns of hit to Foxtel, Kayo and real estate classifieds

Original article by Max Mason
The Australian Financial Review – Page: 17 : 15-Apr-20

News Corp expects to lose more Foxtel and Kayo Sports subscribers due to the impact of the coronavirus pandemic on live sports events. Foxtel’s broadcast and commercial subscriber base fell to 2.268 million in the December quarter, compared with 2.326 million in the September quarter, while its churn rate rose from 14.4 per cent to 16 per cent. Meanwhile, Kayo boasted 402,000 paid subscribers in early November, but this had fallen to around 370,000 by early February. News Corp also expects its property listings businesses in Australia and the US to be hit by the pandemic.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS, FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS, REA GROUP LIMITED – ASX REA, MOVE INCORPORATED

Foxtel’s tough week as 200 jobs go

Original article by Leo Shanahan
The Australian – Page: 15 : 9-Apr-20

Pay-TV group Foxtel has responded to the coronavirus-induced downturn in advertising revenue by retrenching 200 employees. CEO Patrick Delany has told staff that the pandemic has forced the company to accelerate a "transformation" of its business due to digital disruption. A further 140 employees who work in its sports production division have been stood down until the end of June; Delaney notes that it is uncertain as to when live sporting events will resume. He adds that Foxtel is not eligible for the federal government’s JobKeeper wage subsidy scheme at present.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, FOX SPORTS AUSTRALIA PTY LTD, KAYO SPORTS

Streaming lifts Foxtel’s sports subs to record

Original article by Max Mason
The Australian Financial Review – Page: 23 : 28-Feb-20

Foxtel CEO Patrick Delany has defended the pay-TV group’s Kayo Sports streaming service, after its subscriber base declined in the December quarter. He argues that four of the five major sports in Australia end their seasons in September, so Kayo can expect to have fewer subscribers in a period when cricket is the only major sport. The media group’s sports subscriber base has risen to a record level when measured across its traditional broadcast, Foxtel Now and Kayo services.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS, FOXTEL NOW

News Corp underpaid super

Original article by Lilly Vitorovich
The Australian – Page: 19 : 25-Feb-20

News Corp Australia says that about 2,500 current and former employees have not received their correct superannuation entitlements due to payroll system errors. A spokesman says that most of the affected employees were underpaid by less than $250, and they are collectively owed around $1.5m. The underpayments were discovered during a review of News Corp’s super contributions, which also revealed some instances of wages being overpaid.

CORPORATES
NEWS CORP AUSTRALIA PTY LTD, NEWS CORPORATION – ASX NWS

Foxtel reshuffles senior executive team as it resets its operating model

Original article by Lilly Vitorovich
The Australian – Page: Online : 13-Feb-20

Foxtel has promoted Les Wigan to the role of executive director of operations and technology, with responsibility for technology platforms, services and operations across the pay-TV group’s operations. Wigan is currently chief operating officer at Foxtel’s Kayo Sports streaming service. Meanwhile, Foxtel’s director of customer service Lesley Portwain will take on the newly-created role of chief customer service officer. The management reshuffle was prompted by the resignation of chief operations officer Euan Smith.

CORPORATES
FOXTEL MANAGEMENT PTY LTD, KAYO SPORTS

Rugby blows its Fox Sports deal

Original article by Jamie Pandaram
The Australian – Page: 32 : 6-Feb-20

Negotiations between Rugby Australia and Fox Sports for a new broadcasting rights deal have broken deal, with the pay-TV provider choosing not to renew the deal. The current five-year deal is worth $57m a year and is set to expire at the end of 2020. Rugby Australia is expected to seek a broadcasting rights deal with Optus; the Ten Network, which is Fox Sports’ broadcast partner, may continue to show some matches on free-to-air TV. Fox Sports has held the rugby broadcasting rights since 1996.

CORPORATES
FOX SPORTS AUSTRALIA PTY LTD, RUGBY AUSTRALIA, SINGTEL OPTUS PTY LTD, TEN NETWORK HOLDINGS LIMITED

News, Murdochs give millions to aid victims

Original article by Lilly Vitorovich, Lachlan Moffet Gray
The Australian – Page: 5 : 15-Jan-20

News Corporation has announced a number of initiatives to assist communities that have been affected by the bushfires. It will donate $5m to bushfire relief programs, while executive chairman Rupert Murdoch will personally donate another $2m. Co-chairman Lachlan Murdoch recently donated $2m to the bushfire relief fund. News Corp Australia will also donate all revenue from metropolitan newspaper sales and advertising on 21 January to the bushfire relief appeal, while Foxtel will donate the proceeds from special advertising packages for its broadcasts of charity sports events and the Fire Fight concert.

CORPORATES
NEWS CORPORATION – ASX NWS, NEWS CORP AUSTRALIA PTY LTD, FOXTEL MANAGEMENT PTY LTD, CRICKET AUSTRALIA, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE